Deccan Gold Mines gets nod to takeover Geomysore Services (India)

Deccan Gold Mines has received an approval for proposed takeover of Geomysore Services (India) (GMSI). The board of directors at their meeting held on September 23, 2014 has approved for the same. The board has also approved for raising of funds up to $5 million to meet the short-term funding requirements of the company.

Deccan Gold Mines has been actively engaged in the exploration for gold in some of the most promising gold mineralized blocks in India. It has been successful in identifying several smaller potential gold-bearing zones within these blocks, worthy of detailed investigation.